Transcription of MEDIA STATEMENT - National Treasury
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MEDIA STATEMENT - National Treasury
Enquiries: Communications Unit Email: Tel: (012) 315 5944 MEDIA STATEMENT REVISED PREFERENTIAL PROCUREMENT REGULATIONS, 2017 National Treasury has released the revised Preferential Procurement Regulations, 2017 which were gazetted on Friday 20 January. The regulations were initially promulgated in 2001 and revised in 2011 thus making this the second revision since the initial promulgation. The revision of the Preferential Procurement Regulations of 2011 was largely influenced by the need to provide for a mechanism to empower certain categories (Small Medium and Micro Enterprises (SMME) also classified as EMEs or QSEs, Co-operatives, Township and Rural enterprises) through procurement. This was an outcome of social dialogue on the New Growth Path (NGP) wherein government and social partners signed a Local Procurement Accord on 31 October this end, commitment made by government was to leverage public procurement.
Enquiries: Communications Unit Email: media@treasury.gov.za Tel: (012) 315 5944 Addressing the outcry of the categorised groups who felt that the threshold of R1
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